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2008-08-11 18:00:50

Amiworld Inc. (OTCBB: AMWO), an international energy company engaged in the production and distribution of diversified fuel products and services with a focus on emerging global economies, today announced a strategic plan to increase both diesel and biodiesel production by at least 300% at the Company's South American facility. The strategic plan further validates the Company's aggressive business strategy to capitalize on the growing energy needs of emerging economies in South America....

2008-08-11 00:00:24

By Ooi Tee Ching AMERICAN agribusiness giant Cargill Inc, which owns palm oil refineries in Kuantan and Port Klang, is keen on buying into cocoa and specialty fats businesses in Malaysia. "We've attempted to make a couple of acquisitions in Malaysia in the last few years but they fell apart in the final stage," said Cargill Asia Pacific Holdings Pte Ltd president Paul Conway. "One deal fell apart because it appeared in the media. The vendor was upset and we were upset too," he said....

2008-08-01 15:00:48

International Coastal Biofuels, Inc. (Pink Sheets:ICBU), announced today that it completed a reverse merger with Interactive Technologies.com, LTD via a stock-for-stock exchange (stock swap) on May 14, 2008. International Coastal Biofuels, Inc. proposes to manufacture biodiesel, renewable fuel from vegetable oils, offering an ecologically safe fuel with the same performance as that of conventional diesel, at competitive prices. "We expect our markets to expand rapidly all over the...

2008-07-24 15:00:57

By Yuthana Praiwan, Bangkok Post, Thailand Jul. 24--PTT Chemical (PTTCH), Asean's leading petrochemical producer, has acquired a 50 percent stake in the world's largest producer of oleochemicals in a deal worth 104 million. The wholly owned subsidiary PTT Chemical International Private entered into the share purchase agreement with Cognis BV, a wholly owned subsidiary of the German-based chemical company that was the former shareholder of Cognis Oleochemicals. "Our investment in...

2008-07-23 21:00:35

THAILAND'S PTT Chemical Public Co Ltd has bought a stake in Cognis Oleochemicals Sdn Bhd, making it the new partner for Sime Darby Plantation Sdn Bhd. It bought a 50 per cent stake from Germany's Cognis for US$164 million (RM531.36 million), valuing Cognis Oleochemicals at US$328 million (RM1.06 billion). The company will operate under the same name until a new name has been established, PTT Chemical and Sime Darby said in a statement released in Kuala Lumpur yesterday. "The strategic...

2008-07-22 21:00:32

KUALA LUMPUR, Malaysia and BANGKOK, Thailand, July 22 /PRNewswire/ -- PTT Chemical Public Company Limited (PTT Chemical), a leading producer and distributor of chemical products, through its wholly owned subsidiary PTT Chemical International Private Limited (PTT Chemical International), today will sign a joint venture agreement with Sime Darby Plantation Sdn. Bhd. (Sime Darby), the world's largest producer of palm oil, creating a strategic partnership for the joint ownership and control of...

2008-07-17 00:00:25

By James S IT STARTED WITH ENERGY, especially crude oil prices and then later, other hard and even soft commodities followed suit. In the last year or so, food has been the latest addition on the growing list of items hit by soaring prices. Yes, inflation is rearing its head globally and consumers now just have to pay higher for their foods or risk cutting down on their consumption. With basic food products heavily subsidised, and the economy still growing strongly, especially in Asia,...

2008-07-11 09:00:59

Text of report in English by influential Indonesian newspaper The Jakarta Post English-language website on 10 July [Attributed to Associated Press: "Indonesia, world's largest producer of palm oil, to force manufacturers to use biofuel"] Indonesia, the world's largest producer of palm oil, plans to force manufacturers to use biofuels for some of their energy needs to reduce dependence on imported oil amid soaring global prices. The government also wants to cut spending on fuel...

2008-07-09 00:00:27

By Ooi Tee Ching SOFTWARE developer Online One Corp Bhd, having seen South Korean investors take up 28 per cent stake in it, will soon earn more from its "health balance" cooking oil and animal feed businesses. "We're branding this healthy cooking oil Ace Oil and it will be exported to Hong Kong and South Korea by January 2009," said managing director Lee Byoung Jin. He explained that the oil is formulated to meet World Health Organisation (WHO) and American Heart Association...

2008-07-07 00:00:18

By Ooi Tee Ching BIG plantation companies are starting to plant rubber trees on hilly land as rubber prices hit records, Plantation Industries and Commodities Minister Datuk Peter Chin said. At current record prices, companies can make more money planting rubber trees than oil palm trees on marginal soil. Marginal soil is land on hilly areas that are typically not so fertile. "IOI Corp Bhd is replacing oil palm trees that had succumbed to the ganoderma disease with rubber trees. Sime...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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